Can you get a maintenance loan for open university full time?

Providing you are studying with the Open University or another accredited institution you will be eligible. How much maintenance loan you receive will be dependent on where you will be living whilst studying, your household income and the intensity of your course.

Does Open University count as full time education?

All OU students are considered part-time students. That means, even if you choose to study at full-time equivalent intensity, you'll be a part-time student and your eligibility to claim existing state benefits and/or to fund your studies with a Part-Time Tuition Fee loan will usually be unaffected.

What financial help can I get with Open University?

Study-Related Costs Funding

If you're on a low income, or are in receipt of certain benefits, you could be eligible for additional support with your study-related costs. Our discretionary funding scheme could help you with the cost of additional set books, internet costs and more.

Why can't I get a maintenance loan?

In theory, the only way you'll be eligible for a Maintenance Loan is if this is the first higher education course you're enrolling on. But, in reality, it's a little more complicated. If you've previously started a course but had to drop out of uni, you may be eligible to receive funding again.

Is Open University degree valid?

Open University degrees awarded are comparable with those awarded by other UK universities. In fact, many employers and organisations worldwide employ Open University graduates and understand that an OU degree is equal in academic standard to a degree from any other British university.

Maintenance Loan

Do employers look down on Open University degrees?

And while some jobs will require you to go to university, most jobs for graduates won't. A distance learning degree is exactly the same as a normal degree and employers will respect them the same.

Can I get a student card with Open University?

Will I get a student ID card? You won't get an ID card from us, but, as a student of the OU, you can buy a TOTUM student discount card from the National Union of Students.

Can I just get a maintenance loan?

Depending on your circumstances, you may be able to apply for a Maintenance Loan. We'll ask for information based on your household income if you apply for the maximum amount of Maintenance Loan.

Who Cannot get a student loan?

Lenders may look at your employment history, credit score, debt-to-income ratio, and enrollment status at your school. One of the most common reasons why a student might not qualify for a private student loan is because they don't meet their lender's FICO® Credit Score criteria.

Does fafsa cover Open University?

As non-matriculated students, federal student financial aid is not available for students taking courses through Open University.

Does the Open University have a payment plan?

Spread the cost with monthly payments

The Open University Student Budget Account Ltd (OUSBA) is a convenient way to pay your course fees, subject to your individual circumstances.

Can you get scholarships for Open University?

A scholarship covers OU undergraduate credit-bearing modules and qualifications, paying for the full tuition cost of your qualification, up to 120 credits each seasonal academic year and 360 credits in total.

How many credits is an open university degree?

Qualification for an OU honours degree requires you to successfully complete at least 360 credits.

What is considered a full time student at OU?

To be considered a full-time student, an undergraduate student must be enrolled in at least 12 hours during the fall and spring terms and at least six hours during the summer term. Additional enrollment regulations may apply for students applying for Financial Aid.

Why would a student be denied a student loan?

Your credit history, current credit score, insufficient application information, or a whole host of other issues could cause you to be rejected for a loan. If you were denied a student loan, you still have options.

Will I get financial aid if my parents make over $200 K?

Even if your family makes multiple six figures a year, you can still get financial aid. That said, not financial aid is created equal. Ideally, you want free money, or grants not loans.

What disqualifies you from FAFSA?

For example, if your citizenship status changed because your visa expired or it was revoked, then you would be ineligible. Other reasons for financial aid disqualification include: Not maintaining satisfactory progress at your college or degree program. Not filling out the FAFSA each year you are enrolled in school.

How long until I get my maintenance loan?

Students receive three instalments of the maintenance loan throughout the academic year, typically within a few weeks of the start of each term. It's designed to help with day to day living costs such as food, toiletries and home essentials, as well as rent and utilities.

Why is there no maintenance loan for Masters?

Can you get a maintenance loan for a Masters? No, you do not get a maintenance loan for a Masters. The Masters loan system works differently to undergraduate student finance, which does have a maintenance element. Postgraduate student finance is provided as one loan to help with tuition and / or living costs.

What is loan maintenance?

You can use loan maintenance to view the loan's amortization schedule and financial history as well as to change the terms of a loan, including the loan amount (prior to SA activation only), interest rate, payment amount and number of payment periods.

Can I get student loan for Open University?

Like campus-based students, some students studying an undergraduate distance learning degree can apply for a Tuition Fee Loan to cover their tuition fees upfront. You'll repay this (plus interest) once you finish your studies, and you're earning above a minimum threshold.

Who is eligible for Open University?

Any Bachelor's Degree with a duration of a minimum of 3 (three) years from a recognized University with Mathematics as one of the subjects at +2 level or UG level. Based on merit in qualifying exam followed by counseling.